Senior Underwriter Surety
4 days ago
Paris
Opportunity: Senior UW Surety Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community. Feel empowered to learn and grow while being valued for who you are. At Intact Insurance, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you. Who we are At Intact Insurance, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Across Europe, our footprint includes offices in France, Spain, Belgium and the Netherlands, supported by a dedicated team of around 300 professionals. The opportunity Under technical direction and within delegated underwriting authority reviews moderate and complex risks to determine acceptance of an application. Determines selection or rejection of new and/or renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares reports and recommendations accordingly. With guidance, develops producer relationships, monitors and evaluates results of producers and business segments. Recommends, develops and implements action plans for business development, improvement of underwriting quality and results. Act as coach and mentor for newer or less-experienced members of the team, taking active participation role in the leadership and development of the team. Some of the responsibilities include but are not limited to: • Contribute to the management of a profitable and sustainable book of surety business by evaluating detailed qualitative and quantitative client, industry and information. Conducting portfolio reviews for assigned accounts and individual producers. Develop integrated pictures of factors that affect performance of individual companies in specific sectors and markets, with a focus on driving underwriting profitability, growth, retention in the surety portfolio. Make case specific and portfolio recommendations, implements, and monitoring action as necessary. Regularly disseminates market, industry, sector and underwriting developments to the team, and internal stakeholders when required. Act as deputy for the team leadership when required., • Has responsibility for the development and monitoring of the surety book of business. Examines, identifies, and evaluates exposures by analyzing documentation from all available sources. Makes underwriting decisions and recommendations to accept, decline, or modify the acceptance terms of risks within underwriting authority and guidelines and in collaborative partnership with the underwriting team when appropriate. Develops and executes underwriting strategy, including portfolio management and self-audits. Takes action on underwriting decisions in compliance underwriting guidelines, company guidelines and local legal and regulatory frameworks., • Develops superior working relationships with producers, and with internal and external partners, to successfully promote achievement of mutual operating goals (growth, retention and profitability) and to supply the appropriate products and services. Determines and executes strategy for account management and producer management., • Ensure exceptional high standard of process management of underwriting decisions, document management, accuracy of recorded data and reports via automated desktop systems and tools., • Gathers and analyzes competitor and producer information to help enrich business development strategies and underwriting stance., • Collaborates with team members to manage work inventories and all production activities in order to provide accurate and exceptional timely service to clients and producers in accordance with business unit standards., • Regularly engage with market producers, travels to key producers/accounts, engage and participate in relevant industry or market events, represent Surety at internal cross departmental meetings/events., • Stays abreast of industry, market, economic, legal and business trends. Decision-Making Authority/Accountability Level • Has underwriting authority in line with authority matrix and experience to accept, decline, and modify risk acceptance terms that enable the establishment of a surety facility and issuance of bonds. The expertise you bring • Possesses demonstrated track record in technical knowledge, understanding and skill in surety or related financial services industries. Must be able to identify and describe the major insolvency risk factors to a surety prospect together with a strong understanding of the perils and trigger events presented under a proposed bond product. Must be able to identify and describe the credit status, bond exposures and risks considered in making an underwriting decision. Must know how to obtain information needed to make an underwriting decision, and be able to continuously develop a deep understanding of surety risk assessment., • Must have proven analytical, decision making, problem-solving, communication, presentation, listening and organizational skills. Must be able to work both independently and as a highly collaborative member of a team. Must be able to analyse market trends and contribute to development of underwriting best practices, strategic direction and business development., • Education and Experience Preferred: Bachelor’s degree or equivalent preferred. 3-5 years of underwriting experience, within complex specialty line of business, or relevant financial institution related experience., • Your English and French are at a good level, both verbal and written. Spanish and/or Italian is a plus. Why choose Intact We live our Values: We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility. Our commitment to Diversity: Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what’s right to build an inclusive society. Manage your Time: What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance. About Intact As part of Intact Financial Corporation (IFC) – Canada’s largest Property & Casualty insurer, with nearly CAD$24 billion in annual direct premiums and a global team of 31,000 employees – we bring global strength, deep expertise, and a strong focus on customers. Intact Insurance Europe is part of IFC’s Global Specialty Lines business (GSL) which represents 3,500 professionals dedicated to more than 20 niche segments. GSL operates across North America, the UK, and Europe, and benefits from a strong international network covering over 150 territories – with clear profitable growth ambitions to reach $10 billion in operating DPW by 2030, performing at a sub-90 operating combined ratio. We’re specialists who go the extra mile, offering expert solutions, treating claims as a promise, and helping businesses manage risk and move forward. 4 out of 5 brokers recognize us as a trusted partner, valuing our specialized expertise, simplified multinational programs, local market knowledge, and reliable claims handling. Intact Insurance (Europe) S.A. is committed to ensuring that your privacy is protected, as the data controller, we take the necessary measures to ensure the security and confidentiality of the personal information it holds or processes in compliance with the General Data Protection Regulation (EU) of 27 April 2016 ("GDPR"), Loi n° 2018-493 du 20 juin 2018, relative à la protection des données personnelles and rest of related data protection regulations. The data you provide will be processed as part of our candidate selection process. The legal basis for this processing is our legitimate interest in considering your application. Unless you object, your CV will be kept for two years after our last contact with you. We may kept your data for the duration of the employment contract in the event of recruitment. Once your employment has ceased, your personal data will be only retained for as long as is necessary to satisfy any legal, accounting or reporting obligations. Intact Group companies and third-party partners may be recipients of your personal data when required. Sometimes your personal information may be sent to other parties outside of the European Economic Area (EEA) in connection with the purposes set out above. We will take all reasonable steps to ensure that your personal information is treated securely and in compliance with data protection regulations. In accordance with data protection laws, you have the right to access and obtain a copy of the data concerning you, object to the processing, have it rectified or deleted. All you have to do is write to the Intact Insurance (Europe) Data Protection Officer to the following address Intact Insurance (Europe) S.A. Edif. Torre Europa, Pº de la Castellana, 95 – Planta 19 28046 Madrid (SPAIN) or send an email to the following address . We will ask you to confirm your identity if we need to, we have one month from receiving your request to tell you what action we have taken.
Page 2